WEED vs. MSOS

Last updated Aug 2, 2026

WEED (Roundhill Cannabis ETF) and MSOS (AdvisorShares Pure US Cannabis ETF) are both exchange-traded funds - WEED is a Cannabis fund actively managed by Roundhill, while MSOS is a Small Cap Blend Equities fund actively managed by AdvisorShares. Both are actively managed. Over the past 3 years, WEED returned -6.56%/yr vs -8.60%/yr for MSOS. Their 0.95 correlation means they have historically moved very closely together. WEED charges 0.40%/yr vs 0.78%/yr for MSOS.

Performance

WEED vs. MSOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Cannabis ETF (WEED) and AdvisorShares Pure US Cannabis ETF (MSOS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WEED achieves a -4.55% return, which is significantly higher than MSOS's -10.38% return.

WEED

• 1D: 1.12%
• 1M: -11.61%
• 6M: 11.61%
• YTD: -4.55%
• 1Y: 46.71%
• 3Y*: -6.56%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -27.97%

MSOS

• 1D: 0.48%
• 1M: -13.50%
• 6M: 4.96%
• YTD: -10.38%
• 1Y: 37.34%
• 3Y*: -8.60%
• 5Y*: -34.67%
• 10Y*: —
• ALL TIME*: -26.03%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MSOS AdvisorShares Pure US Cannabis ETF	$13.98M	$19.49M	$31.09M
WEED Roundhill Cannabis ETF	$134.43K	$200.90K	$425.04K

WEED vs. MSOS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
WEED Roundhill Cannabis ETF	-4.55%	19.40%	-44.93%	0.87%	-61.19%
MSOS AdvisorShares Pure US Cannabis ETF	-10.38%	23.88%	-45.65%	0.29%	-61.38%

Correlation

The correlation between WEED and MSOS is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.97
Correlation (3Y) Balances recent behavior with more history.	0.96
Correlation (All Time) Calculated using the full available price history since Apr 20, 2022	0.95

The correlation between WEED and MSOS has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.

WEED vs. MSOS - Sectors Allocation Comparison

Sectors	WEED	MSOS
Healthcare	60.0%	2.5%
Consumer Defensive	17.3%	-
Real Estate	16.3%	50.2%
Technology	6.3%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	17.8%
Energy	-	-
Financial Services	-	-
Industrials	-	29.6%
Utilities	-	-

Return for Risk

WEED vs. MSOS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

WEED

WEED Risk / Return Rank: 34
WEED Sharpe Ratio Rank: 23
WEED Sortino Ratio Rank: 46
WEED Omega Ratio Rank: 43
WEED Calmar Ratio Rank: 32
WEED Martin Ratio Rank: 24

MSOS

MSOS Risk / Return Rank: 31
MSOS Sharpe Ratio Rank: 21
MSOS Sortino Ratio Rank: 42
MSOS Omega Ratio Rank: 38
MSOS Calmar Ratio Rank: 29
MSOS Martin Ratio Rank: 23

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

WEED vs. MSOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Cannabis ETF (WEED) and AdvisorShares Pure US Cannabis ETF (MSOS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	WEED	MSOS	Difference
Sharpe ratio: Return per unit of total volatility	0.53	0.45	+0.08
Sortino ratio: Return per unit of downside risk	1.69	1.55	+0.13
Omega ratio: Gain probability vs. loss probability	1.20	1.18	+0.02
Calmar ratio: Return relative to maximum drawdown	1.09	0.94	+0.15
Martin ratio: Return relative to average drawdown	1.90	1.64	+0.26

WEED vs. MSOS - Sharpe Ratio Comparison

The current WEED Sharpe Ratio is 0.53, which is comparable to the MSOS Sharpe Ratio of 0.45. The chart below compares the historical Sharpe Ratios of WEED and MSOS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WEED vs. MSOS - Drawdown Comparison

The maximum WEED drawdown since its inception was -88.37%, smaller than the maximum MSOS drawdown of -96.25%. Use the drawdown chart below to compare losses from any high point for WEED and MSOS.

Drawdown Indicators

	WEED	MSOS	Difference
Max Drawdown Largest peak-to-trough decline	-88.37%	-96.25%	+7.88%
Max Drawdown (1Y) Largest decline over 1 year	-54.01%	-52.91%	-1.10%
Max Drawdown (3Y) Largest decline over 3 years	-81.50%	-81.71%	+0.21%
Max Drawdown (5Y) Largest decline over 5 years	—	-94.45%	—
Current Drawdown Current decline from peak	-75.43%	-92.29%	+16.86%
Average Drawdown Average peak-to-trough decline	-63.95%	-72.23%	+8.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.02%	30.20%	+0.82%

Volatility

WEED vs. MSOS - Volatility Comparison

Roundhill Cannabis ETF (WEED) and AdvisorShares Pure US Cannabis ETF (MSOS) have volatilities of 12.78% and 13.19%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WEED	MSOS	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.78%	13.19%	-0.41%
Volatility (6M) Calculated over the trailing 6-month period	55.58%	56.27%	-0.69%
Volatility (1Y) Calculated over the trailing 1-year period	111.46%	111.22%	+0.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.80%	78.34%	+3.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.80%	73.62%	+8.18%

WEED vs. MSOS - Expense Ratio Comparison

WEED has a 0.40% expense ratio, which is lower than MSOS's 0.78% expense ratio.

Dividends

WEED vs. MSOS - Dividend Comparison

Neither WEED nor MSOS has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
MSOS AdvisorShares Pure US Cannabis ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.27%
WEED Roundhill Cannabis ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WEED and MSOS in my portfolio?

With a correlation of 0.97, WEED and MSOS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, WEED or MSOS?

MSOS has higher volatility (13.19%) compared to WEED (12.78%). In terms of maximum drawdown, WEED dropped -88.37% vs MSOS's -96.25%.

Which ETF is better, WEED or MSOS?

On 3-year performance, WEED leads with -6.56% vs -8.60% for MSOS. On fees, WEED is cheaper at 0.40% per year. On volatility, WEED has been the lower-risk option at 12.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WEED or MSOS?

Over the 3-year period, WEED has performed better with a -6.56% return vs -8.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WEED or MSOS?

WEED is cheaper with a 0.40% expense ratio, compared with 0.78% for MSOS.

Which ETF pays a higher dividend yield, WEED or MSOS?

WEED and MSOS have nearly identical dividend yields, around 0.00%.

What is the main difference between WEED and MSOS?

WEED is categorized as Cannabis, while MSOS is Small Cap Blend Equities. They also come from different issuers: Roundhill and AdvisorShares. Their fees differ too: 0.40% for WEED and 0.78% for MSOS.

Which has better risk-adjusted returns?

WEED currently has the higher Sharpe Ratio (0.53 vs 0.45), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.